The Consumer Financial Protection Bureau (CFPB) announced that it will be re-evaluating expanded reporting and data resubmission requirements under its Home Mortgage Disclosure Act (HMDA), set to take effect Jan. 1, 2018.
The bureau also stated that it will consider new HMDA rulemaking that could carry significant implications for lenders and service providers.
Find out how the much different the bureau’s approach to HMDA compliance may be in 2018, compared to previous guidance on the subject.